Posted by on Mar 3 2011. Filed under Current Affairs, The Daily .cz. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Counterfeit banknotes in CR not such a problem

The Czech National Bank (CNB) has released figures showing that some 4,986 counterfeit banknotes worth a total of CZK 4.8 billion crowns were seized in 2010.

The CNB says this works out at around 1 phony banknote for every 70,200 notes issued by the national mint. The figures are not so desperate, though, as the euro is a much bigger target, meaning the ratio in the eurozone is four times the Czech figure, with 1 counterfeit note for every 16,700 genuine euro banknotes.

CNB board member Pavel Řežábek says the quality of the counterfeit notes in general is pretty bad, and that anyone paying due attention to the security elements would be able to distinguish a false note from a real one.

Leave a Reply

Photo Gallery

The Daily.CZ
The Daily.CZ - Jana Uhra 4 - 60200 Brno - Ceska Republica